KDnuggets : News : 2008 : n14 : item8 < PREVIOUS | NEXT >

Jobs

From: DM
Date: 14 Jul 2008
Subject: San Francisco, Sacramento or Santa Ana, CA: Director, Credit Risk Analytics at First American

First American is the nation's largest data provider, supplying information resources and services that impact the major economic events of people's lives. We serve mortgage, real estate, and consumer-related businesses, as well as consumers themselves, with the data to help them make decisions, operate their businesses, and advance their lives. Tracing our history to 1889, The First American Corporation (NYSE: FAF) is based in Santa Ana, California. Today, with revenues exceeding $6 billion, our company has 31,000 employees and 2,000 offices throughout the United States and abroad. For more detailed information about First American, please visit our Web site at: www.firstam.com.

Description: LoanPerformance, a division of First American CoreLogic (FACL), the nation's largest provider of property and ownership information, analytics and services, and a member of The First American Family of Companies is the leader in mortgage finance, servicing, and securitization information and analytics. We created and maintain the industry's largest and most robust mortgage securities and servicing databases and provide state-of-the-art analytical tools that our banking, trading, and securities customers use to understand and manage their loan portfolios. LoanPerformance uses collected data to be the 'voice' of the mortgage industry. Since our inception in 1983 LoanPerformance has become the 'brain trust,' the definitive source of expert information about the state of the mortgage servicing and mortgage securities marketplaces. For more information, please visit our website http://www.loanperformance.com.

Join us as a Director, Credit Risk Analytics working among the smartest and most often-quoted mortgage finance professionals in the business. You will develop loan-level, econometric-driven prepayment, default, delinquency, and loss severity models for inclusion in the LoanPerformance RiskModel software (mortgage populations include prime, alt-A, subprime, and other specialty mortgage segments). You will also perform periodic model validation, surveillance, and analysis to track and analyze model performance.

Qualifications:
The ideal candidate will have the following:

  • An advanced degree (Master's, Ph.D. or ABD preferred) in Economics, Finance, Math or Statistics
  • Minimum of 4-5 years' exposure/experience in mortgage default and prepayment modeling
  • Knowledge of statistical/econometric modeling techniques (e.g. survival analysis, logistic regression, and Monte Carlo simulation methods)
  • Experience in spreadsheet applications and advanced use of statistical applications/databases
  • Ability to write customized programs for meaningful data analysis
  • Advanced programming ability in SAS Preferred:
  • Experience in mortgage modeling and analysis team management
  • Programming ability in a matrix oriented language such as Matlab, Gauss, SAS IML, or S-Plus
Note: Position can be located in San Francisco, Sacramento or Santa Ana, CA.

Benefits: The First American Corporation - Loan Performance offers an empowered work environment that encourages creativity, initiative and professional growth. Our salary and benefits package is competitive including:

  • Health, dental and vision care
  • 401(k) retirement savings plan including a company match tied to profitability
  • Long-term disability insurance
  • Short-term disability insurance
  • Discount stock purchase program
  • Tuition assistance program
  • Title and escrow fee reimbursement program
  • Company credit union
E.O.E. M/F/V/D

The First American Corporation is an Equal Employment Opportunity/Affirmative Action employer. Qualified applicants are considered for employment and employees are treated during employment without regard to race, color, religion, gender, sexual orientation, national origin, age, physical or mental disability, medical condition, religion, marital status or veteran status, or any other characteristic protected by state or federal law.

Contact:
Click Here to Apply

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KDnuggets : News : 2008 : n14 : item8 < PREVIOUS | NEXT >

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